Wednesday, February 29, 2012

Great Article: Sales Tax Audits - If Nothing Goes In, What Can Come Out?

He's got his eye on you

from and Lloyd Geggatt

If you don't provide the auditor with the information they need, they have to use "indirect" methods of figuring out what your sales were.  You don't want that.  There are two parts to this article - a story about a very uncooperative taxpayer, and the nitty gritty details of the cost plus markup indirect audit method.  Enjoy the article.

This link is part of a series called "Excellent articles that I wish I had written."  The short name is "Great Articles." 

The Sales Tax Guy

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Picture note: the image above is hosted on Flickr. If you'd like to see more, click on the photo. 

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